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Calendar Year

1997 in US Banking

1,527 bank events are on record for 1997: 1 failure, 1,240 mergers or acquisitions involving a bank, credit union or bank holding company, and 286 enforcement actions.

1
Failures
$27.9M in failed assets
1,240
Mergers
Federal Reserve NIC, banking organizations
286
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 1997 · Bank mergers 1997

How many banks failed in 1997?

1 bank failed in 1997, with $27.9M in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Nov 21, 1997 Southwest Bank Jennings, LA $27.9M First Southwest Bank

Which banks merged in 1997?

1,240 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1997.

See the fuller list: Bank mergers 1997 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Nov 15, 1997 Heartland Savings Bank IL First Mid Bank & Trust, N.A.
Nov 15, 1997 Chase Trust Company of California CA J.P. Morgan Trust Company, N.A.
Nov 15, 1997 GB Bancorporation CA Zions Bancorporation
Nov 15, 1997 Star Financial Bank, Marion IN Star Financial Bank
Nov 14, 1997 First Commercial Bank, SSB OK Citizens Bank
Nov 14, 1997 American National Savings Bank, Federal Savings Bank MD Crestar Bank
Nov 14, 1997 Glenwood Bancshares, Inc. WI Hiawatha Bancshares, Inc.
Nov 14, 1997 Fleet Bank NY Fleet National Bank
Nov 14, 1997 Roosevelt Bank MO Firstar Bank Missouri, National Association
Nov 13, 1997 Texas Bank TX Bayshore National Bank of La Porte
Nov 13, 1997 S&S Machinery Credit Union VA Beacon Credit Union Incorporated
Nov 11, 1997 Homestead Bank, S.S.B. TX Planters & Merchants State Bank
Nov 11, 1997 1st United Bancorp FL Wachovia Corporation
Nov 10, 1997 Southern Security Bank Corporation FL Sun American Bancorp
Nov 8, 1997 Unicorp Bancshares-Texas, Inc. TX Hibernia Corporation
Nov 8, 1997 Farmers State Bank of Ferris IL Union Bank/West
Nov 8, 1997 Investors Savings Bank of South Carolina, Incorporated SC Peoples Federal Savings and Loan Association
Nov 8, 1997 OrangeBank TX Hibernia National Bank of Texas
Nov 7, 1997 First State Bank and Trust Company LA Peoples Bank & Trust Company
Nov 7, 1997 Regions Bank, National Association FL Regions Bank
Nov 7, 1997 Planters Bank and Trust Company of Claiborne Parish LA Peoples Bank & Trust Company
Nov 7, 1997 Investors Bancorporation, Inc. WI Citizens Bancshares of Woodville, Inc.
Nov 6, 1997 University Bank TX International Bank of Commerce
Nov 6, 1997 University Bancshares, Inc. TX International Bancshares Corporation
Nov 6, 1997 San Gabriel Valley Bank CA Pacific Business Bank
Nov 1, 1997 Citizens Bancorp of Delaware, Inc. DE Delaware Financial, Inc.
Nov 1, 1997 CNB Bancshares of Victoria, Inc. TX Delaware Financial, Inc.
Nov 1, 1997 Magna Bancorp, Inc. MS Union Planters Corporation
Nov 1, 1997 Bancunion Corp. WI F & M Merger Corporation
Nov 1, 1997 CBC Bancorp, Ltd. IL Popular North America, Inc.
Nov 1, 1997 Pioneer Bancorp, Inc. IL Popular North America, Inc.
Nov 1, 1997 First Charter Bancshares, Inc. AR First Commercial Corporation
Nov 1, 1997 Pacific National Bank of Nantucket MA Fleet National Bank
Nov 1, 1997 F & M Bank-Lancaster WI F & M Bank-Fennimore
Nov 1, 1997 Magnolia Federal Bank for Savings MS Union Planters Bank of Southern Mississippi
Nov 1, 1997 First New London Savings and Loan Association Incorporated CT Liberty Bank
Nov 1, 1997 Tri-County State Bank SD Marquette Bank South Dakota, National Association
Nov 1, 1997 (unnamed) — Banco Popular, Illinois
Nov 1, 1997 One Valley Bank, FSB WV One Valley Bank, National Association
Nov 1, 1997 Dakota State Bank SD Marquette Bank South Dakota, National Association
Nov 1, 1997 National City Bank, Northwest OH National City Bank
Nov 1, 1997 Primary Bank NH Granite Bank
Nov 1, 1997 National City Bank of Ashland OH National City Bank
Nov 1, 1997 Greater York Municipal Employees Federal Credit Union PA White Rose Credit Union
Nov 1, 1997 First Bank IL First Bank
Nov 1, 1997 National City Bank, Northeast OH National City Bank
Nov 1, 1997 First Bank, A Federal Savings Bank MO First Bank
Nov 1, 1997 Morehouse School Employees Federal Credit Union LA Shreveport Federal Credit Union
Nov 1, 1997 Associated Credit Union GA Associated Credit Union
Nov 1, 1997 Van Wert National Bank OH Community First Bank & Trust

The list holds 500 of the 1,240 mergers recorded for 1997.

Enforcement Actions in 1997

Action date Agency Institution Action
Aug 5, 1997 OCC Rosemount National Bank Formal Agreement: Rosemount National Bank
Jul 30, 1997 OCC Tri-County National Bank Civil Money Penalty (CMP): Swenson, Dale E.
Jul 29, 1997 OCC_OTS Hancock Savings Bank Termination of Cease and Desist: Hancock SB, FSB
Jul 25, 1997 OCC First National Bank and Trust Company Civil Money Penalty (CMP): Towe, Edward
Jul 25, 1997 OCC Bank of America, N.A. Prohibition/Removal Orders: Carcamo, Jocelyn
Jul 25, 1997 OCC First National Bank and Trust Company Civil Money Penalty (CMP): Towe, Thomas
Jul 24, 1997 OCC_OTS Ladysmith Federal Savings & Loan Association Orders of Removal/Prohibition: Karen L. Evert
Jul 23, 1997 OCC Clewiston National Bank Formal Agreement: Clewiston National Bank
Jul 22, 1997 OCC_OTS Fidelity Federal Bank, a Federal Savings Bank Orders of Removal/Prohibition: Mark S. Todd
Jul 21, 1997 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: McCallum, Carole
Jul 17, 1997 OCC (individual) Prohibition/Removal Orders: Carrell, Cheryl
Jul 11, 1997 FRB (individual) Civil Money Penalty $900,000: Postipankki Ltd., Helsinki, Finland and Postipankki Ltd., New York, NY
Jul 8, 1997 OCC Bank of America, N.A. Prohibition/Removal Orders: Mesina, Michelle A.
Jun 25, 1997 OCC_OTS Southeastern Financial, Inc. Supervisory Agreement: Southeastern Financial Corporation
Jun 25, 1997 FRB Credit Lyonnais Prohibition from Banking: David A. Kuhn
Jun 23, 1997 FRB Zia New Mexico Bank Cease and Desist Order: G. A. Poling
Jun 23, 1997 FRB Zia New Mexico Bank Cease and Desist Order: Zia New Mexico Bank, Tucumcari, NM
Jun 20, 1997 OCC McAllen National Bank Formal Agreement: McAllen National Bank
Jun 19, 1997 OCC_OTS Community Bank of Excelsior Springs, a SB Orders of Removal/Prohibition: Peggy L. Clark
Jun 19, 1997 OCC_OTS Eureka Homestead Cease and Desist: Roth, Murphy, Sanford & Co.
Jun 16, 1997 OCC Metrobank of Philadelphia, N.A. Prohibition/Removal Orders: Weisbein, Raymond G.
Jun 16, 1997 OCC Metrobank of Philadelphia, N.A. Civil Money Penalty (CMP): Weisbein, Raymond G.
Jun 11, 1997 OCC Omni National Bank Formal Agreement: United National Bank
Jun 5, 1997 OCC First Union Bank International Prohibition/Removal Orders: Guarduci, John M.
Jun 4, 1997 FRB (individual) Cease and Desist Order: Michael Quinn
Jun 4, 1997 OCC_OTS First Federal Savings and Loan Association Orders of Removal/Prohibition: Connie S. Dietrich
Jun 2, 1997 OCC_OTS Local America Bank of Tulsa, A Federal Savings Bank Orders of Removal/Prohibition: Thressa D. Debrito-Dorsey
Jun 2, 1997 OCC_OTS Superior Financial Services, Inc Orders of Removal/Prohibition: Neta K. Williams
May 30, 1997 OCC_OTS First Federal Savings & Loan Association Orders of Removal/Prohibition: Bettye R. Gallien
May 30, 1997 OCC The First National Bank of Holland Formal Agreement: The First National Bank Of Holland
May 30, 1997 OCC (individual) Formal Agreement: Morgan Bank, N.A.
May 29, 1997 OCC Preston North National Bank Formal Agreement: Preston National Bank
May 29, 1997 FRB (individual) Prohibition from Banking: Donald G. Austin
May 29, 1997 OCC First National Bank of Sulphur Springs Formal Agreement: First National Bank of Sulphur Springs
May 28, 1997 FRB (individual) Written Agreement: John Widmer
May 27, 1997 OCC_OTS Sunrise Bancorp, Inc. Orders of Removal/Prohibition: Regina Traina
May 27, 1997 OCC_OTS (individual) Orders of Removal/Prohibition: Peter Rodriguez
May 27, 1997 OCC_OTS First Federal Savings and Loan Association of Rochester Orders of Removal/Prohibition: Josette Reid
May 27, 1997 OCC_OTS First Federal Savings and Loan Association of Rochester Orders of Removal/Prohibition: Joan M. Davis
May 23, 1997 FRB The Bank of Yokohama, Ltd. Civil Money Penalty $5,000: Toshihiko Araki
May 22, 1997 OCC Bank of America, N.A. Prohibition/Removal Orders: Mkhitaraian, Armenui
May 21, 1997 OCC_OTS Ninth Ward Savings and Loan Association Supervisory Agreement: Ninth Ward Savings Bank
May 20, 1997 FRB Provident Bancorp of Texas, Inc. Civil Money Penalty $1,500: T. Stuart Ducote
May 19, 1997 FRB Provident Bancorp of Texas, Inc. Civil Money Penalty $100,000 (collecively with John Averett): Michael L. Riddle
May 19, 1997 FRB Provident Bancorp of Texas, Inc. Civil Money Penalty $100,000 (collectively with Michael L. Riddle): John Averett
May 19, 1997 FRB Provident Bancorp of Texas, Inc. Civil Money Penalty $20,000: Park Jones
May 19, 1997 FRB Crestar Securities Corporation Cease and Desist Order: Robert L. McCook
May 17, 1997 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: Ngo, Dexter
May 14, 1997 FRB (individual) Prohibition from Banking: Kang Soo Lee
May 14, 1997 FRB (individual) Cease and Desist Order: Kwai Por Au

Browse adjacent years: 1996 · 1998

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